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a) A country should always protect its domestic industries. Discuss.
b) To what extent can a country actually rely on the principle of Comparative Advantage before engaging in international trade?
c) "The trade-off between unemployment and inflation arise due to adaptive expectations." Comment on this statement.
d) The best way to deal with price rises is to increase income tax and reduce the purchasing power of individuals. Discuss.
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The owner of a patent has a contract with a cooperation that gives it right to use the patent. The cooperation will pay the patent owner $2500 yearly for the next 5 years, $3000 fo
a) The production-possibilities curve is? b) If there is a shortage in the provider of a product, we can conclude that its price: c) An enhance in supply and a
Average Propensity to save The Average Propensity to Save [APS] is defined as the fraction of aggregate national income which is devoted to savings. Thus if S denotes savin
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Uses of Indifference Curve Analysis Indifference curve analysis is useful when studying welfare economics as follows: They are used to indicate the amount of income and
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